1,643 Shares in Waste Connections, Inc. (NYSE:WCN) Acquired by Clarendon Private LLC

Clarendon Private LLC bought a new position in shares of Waste Connections, Inc. (NYSE:WCN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,643 shares of the business services provider’s stock, valued at approximately $282,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Global Trust Asset Management LLC acquired a new stake in Waste Connections in the third quarter valued at $36,000. FSA Wealth Management LLC bought a new stake in shares of Waste Connections in the 3rd quarter valued at about $40,000. Asset Dedication LLC acquired a new stake in shares of Waste Connections in the third quarter valued at about $41,000. Continuum Advisory LLC raised its position in shares of Waste Connections by 58.0% during the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after acquiring an additional 83 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new position in shares of Waste Connections in the third quarter worth approximately $47,000. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Price Performance

Shares of NYSE WCN opened at $177.86 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $45.90 billion, a PE ratio of 48.86, a PEG ratio of 2.67 and a beta of 0.76. The stock’s 50 day moving average price is $180.40 and its 200-day moving average price is $180.85. Waste Connections, Inc. has a twelve month low of $151.32 and a twelve month high of $194.83.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.30 billion. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. On average, equities analysts anticipate that Waste Connections, Inc. will post 4.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WCN. Eight Capital upgraded shares of Waste Connections to a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets cut their price target on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada lifted their price objective on Waste Connections from $199.00 to $201.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Oppenheimer upped their target price on Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Morgan Stanley lifted their target price on Waste Connections from $206.00 to $214.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $199.31.

About Waste Connections

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.